HS Code:
Tractors (other than tractors of heading 8709) under HS Code 8701 include agricultural, road, and industrial tractors primarily used for hauling, towing, or pushing loads. This category encompasses a wide range of vehicles such as farm tractors, construction tractors, and other heavy-duty machinery used in various industries. These tractors are essential for mechanized agriculture, infrastructure development, and industrial operations worldwide, making this category a critical component of global trade in heavy machinery.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 4.8 billion
18.8% of total trade of total trade
Increasing
USD 3.9 billion
15.2% of total trade of total trade
Stable
USD 2.7 billion
10.5% of total trade of total trade
Increasing
USD 2.1 billion
8.2% of total trade of total trade
Stable
USD 1.8 billion
7.0% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Shift towards electric and hybrid tractors
Growing demand for sustainable and energy-efficient machinery in agriculture and construction sectors, particularly in Europe and North America.
2021-2023
Increased automation and precision agriculture
Rising adoption of GPS-enabled and autonomous tractors, boosting trade in high-tech tractor models, especially from Japan and the US.
2020-2022
Growth in demand from emerging markets
Rapid agricultural mechanization in countries like India and Brazil is driving imports of affordable and mid-range tractors.
2019-2023
The European Union introduced stricter Stage V emission standards for non-road mobile machinery, including tractors, impacting manufacturers worldwide.
January 2022
Increased production costs for manufacturers exporting to the EU, but also a push towards cleaner, innovative technologies.
Phase One trade agreement between the US and China reduced tariffs on certain agricultural machinery, including tractors, boosting US exports to China.
February 2020 (reaffirmed in 2022)
Significant increase in US tractor exports to China, altering trade dynamics in the Asia-Pacific region.
Major manufacturers like John Deere and Kubota unveiled fully autonomous tractor models, signaling a shift towards smart farming solutions.
October 2022
Potential for increased trade in high-value, tech-driven tractors, especially in developed markets.